Domain Auctions

GayPride.com is now on auction at NameJet, and the current high bid is $20,099 with several hours remaining. There are 221 bidders in the auction and 236 bids have been placed. The reserve price has not been met, indicating that this is a privately owned domain name rather than an expiring domain auction.

Because this is a private auction on NameJet, additional bidders can not join the auction, nor can it be followed unless you placed a bid on the domain name already.

Interestingly, GayPride.com sold for $60,000 at Moniker’s Internext domain auction in the beginning of 2007, as reported by DNJournal. I am not sure if the domain name has changed hands since the auction. Valuate.com says the domain name is worth $62,000.

What do you think the final price will be?

I am an active bidder on NameJet, and I purchase a considerable amount of names for my company’s inventory. I’ve bid a total of $389,000+ on NameJet auctions since I registered in 2008. Recent NameJet purchases include ChineseProverbs.com, PennsylvaniaRealEstate.com (with a partner), ConsultantBlog.com, Buddhists.com, RhinoplastyDoctors.com, SpeedingViolation.com, and many more.

I have had very good luck re-selling NameJet acquisitions, primarily because there isn’t much end user competition when bidding, and I can then re-sell these domain names at a premium price.

If you don’t use a tool like FreshDrop to scan lists of names coming up for sale at NameJet, and if you don’t have hours to spend each day looking through unorganized lists of dropping domain names, I want to share five ways to find great domain names that can be backordered.

These five tips to find good domain names may be fairly obvious, but they are helpful and I use these methods daily.

Nearly four months after Social.org sold for $228,600 in a NameJet auction where the winning bidder didn’t pay, the second public auction for Social.org concluded today, and the winning bid was $149,999.

Unlike the last time, it appears that this auction should actually close. Along with the mandatory bidder verification, I believe the winning bidder has won previous NameJet auctions. Of course, there’s always a chance that the auction won’t be completed, but I imagine it will go through.

Since it’s past 5pm and most banks are already closed for the weekend, we will most likely need to wait until next week or two in order to confirm that the winning bidder paid. For the sake of the domain owner and NameJet, I sure hope that’s the case.